Axactor SE

NMG - Subsequent repair offering - subscription period ends today

Press release dated 2015-12-11

Reference is made to the stock exchange announcement dated 17 November, 2015 and

the prospectus dated 26 November, 2015 (the "Prospectus") concerning the

subsequent repair offering of up to 60,000,000 shares in Nickel Mountain Group

AB (publ.) ("Nickel Mountain Group" or the "Company", ticker "NMG") at a

subscription price of NOK 1.00.

The subscription period for the subsequent repair offering will end today, 11

December, 2015 at 16:30 CET.

Subscription rights not used to subscribe for shares prior to 16:30 CET on

December 11, 2015 will expire and have no value.

The Offering is managed by DNB Markets (the "Manager").

The Prospectus and Subscription Form may be obtained at the Company's web-site

www.nickelmountain.se, or the Manager's offices or web site;

www.dnb.no/emisjoner.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjorn Ranta

For information, please contact Torbjorn Ranta

Tel: + 46 8 402 28 00

Cell Phone: +46 708 855504

www.nickelmountain.se

Cautionary Statement: Statements and assumptions made in this document with

respect to Nickel Mountain Group AB's ("NMG") current plans, estimates,

strategies and beliefs, and other statements that are not historical facts, are

forward-looking statements about the future performance of NMG. Forward-looking

statements include, but are not limited to, those using words such as "may",

"might", "seeks", "expects", "anticipates", "estimates", "believes", "projects",

"plans", strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently available

information. They are subject to a number of risks and uncertainties, including,

but not limited to, (i) changes in the economic, regulatory and political

environments in the countries where NMG operates; (ii) changes relating to the

geological information available in respect of the various projects undertaken;

(iii) NMG's continued ability to secure enough financing to carry on its

operations as a going concern; (iv) the success of its potential joint ventures

and alliances, if any; (v) metal prices, particularly as regards nickel. In the

light of the many risks and uncertainties surrounding any mineral project at an

early stage of its development, the actual results could differ materially from

those presented and forecast in this document. NMG assumes no unconditional

obligation to immediately update any such statements and/or forecasts.

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